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New Deal


Announced

Completed

RedSail Technologies completed the acquisition of TransactRx.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

United States

Domestic

Acquisition

Single Bidder

Majority

Private

healthcare technology

Friendly

Completed

Synopsis

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RedSail Technologies, a healthcare, pharmacy, and governmental software solutions provider, completed the acquisition of TransactRx, a healthcare benefits expertise, provider network management, and a patented cross-benefit transaction platform. Financial terms were not disclosed. “This is a huge step forward in our commitment to build the most clinically advanced and financially sustainable network of pharmacies. TransactRx’s cross-benefit platform is a natural complement to PowerLine’s modern technology, giving our customers a unique, integrated medical billing solution. It really is a market-changing opportunity,” Kraig McEwen, RedSail CEO.

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